BEE Verification Overview

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In this article we would like to provide you with a
quick BEE verification overview. I think
everybody are aware of BEE and the need to be BEE compliant, but not a lot of people really know how the
whole process work. To be BEE compliant
is crucial for most businesses in South Africa.
A lot of businesses could very easy be BEE compliant. When your annual turnover is less than R 10 million you automatically qualify for a BEE EME certificate.

If your annual turnover is less than R 10 million and
you need a BEE EME certificate - apply here

To apply for a Qualifying Small Enterprise (annual
turnover between R 10 million and R 50 million) or Generic Enterprises (annual
turnover above R 50 million) a company need to undergo a verification process
and are rated at seven elements. You can
read more here about the BEE rating process and elements...

When you need to apply for one the above certificates
you need to apply at a SANAS accredited BEE verification agency. The company will go through an audit to
determine the BEE status according to the BEE codes of good practice. A good BEE scorecard will assist your business a lot
especially if the company regularly apply for tenders or other big contracts.If your annual turnover is less more than R 10 million
and you need a BEE certificate - apply here

NB: Please remember that as from 1 May 2015 you only need a sworn affidavit to confirm shareholding and turnover and no longer a EME certificate, but we still suggest that you make use of it for professional reasons.